First ever third-party debt order granted in English ‘ICO fraud’ proceedings
In a judgment made public on 24 February 2022, the English High Court has granted what is thought to be the first ever third-party debt order in proceedings arising from cryptocurrency fraud.
Sitting in the High Court Business and Property Division, Master David Cook made final an interim third-party debt order against Payward, Inc, a subsidiary of cryptocurrency exchange and bank, Kraken.